Brownstone Institute
BY MARCH 11, 2022
The new inflation numbers are out. It’s 8 percent on consumer prices, or so they say. Not even that is believable. More likely, it’s already double digit. The US president blames Russia, clearly hoping the Americans are too dull to understand timelines or economics.
Let’s look at the bigger picture. The US has imposed absolutely brutal sanctions on a country whose freedom from Soviet domination it celebrated only 30 years ago. These sanctions are typical of the type; they harm average people in all countries, while the ruling class in all countries is given an opportunity to scapegoat foreigners for domestic problems.